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Trading EURUSD only 43,756 replies

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EURUSD only

  • #137,561
  • Aug 6, 2021 12:28pm Aug 6, 2021 12:28pm
Quoting yep
hi there, this is my first post in forex factory , i hope i am not disturbing anybody here my post is not about live trading , i dont know where should i publish my post so i decided to publish here , hence it is related to EURUSD i have hired a programmer to design EA to me , we have spend too much time at coding, testing , re-code then i reached to my final EA my EA is trading only on EURUSD when price goes up , the EA sells when price goes down, the EA buys i added some filters , but it weren't enough to eliminate all loss trades i used tick...
Did you use fixed lot sizes or did you use the same "pecentage" trades to grow it?

Honestly, just even simply reducing your trade sizes by 90% will make your max drawdown 5% from 50% and your profits from 344k to 34.4k which is still considered great. If you're seeking investors, they care more about minimizing drawdown. If you're using your own money, I'd test it for more time and see if it's still consistent.

Regarding coding or testing with real money and strategies on how to do that, feel free to DM me with any questions if you want help with something like that since I've got good experience since I've made a few algos in the past.
  • #137,562
  • Aug 6, 2021 12:28pm Aug 6, 2021 12:28pm
Bring me Edelweiss pls
  • #137,563
  • Edited 12:57pm Aug 6, 2021 12:43pm | Edited 12:57pm
Quoting yep
hi there, this is my first post in forex factory , i hope i am not disturbing anybody here my post is not about live trading , i dont know where should i publish my post so i decided to publish here , hence it is related to EURUSD i have hired a programmer to design EA to me , we have spend too much time at coding, testing , re-code then i reached to my final EA my EA is trading only on EURUSD when price goes up , the EA sells when price goes down, the EA buys i added some filters , but it weren't enough to eliminate all loss trades i used tick...
My quick opinion: an EA tested on demo (and on history data) means very little... Come back after you actively have used it for 1 proper year on a real account.. 30 usd.. or 100 usd.. or 1000 usd initial equity all depend on your money management and max draw down parameters.. You decide.. As a result: If an EA works for a whole year it probably will work for good amount of time..

Best of luck

*I myself have coded several EA's in the past that worked so well on the demo and could grow 1k into 27k in one year with dynamic lot size.. As soon as I tested it on a real account it performed like sh*t.. So... make sure you test it on a real account..
Focus only on what truly matters!
  • #137,564
  • Aug 6, 2021 1:05pm Aug 6, 2021 1:05pm
Quoting Kyuu
My view on the weekly: Looks like it was the other scenario than what I was predicting. I was hoping arrow 1 was a bull accumulation (also added arrow 1 on the daily on image 2 for better view), but it turned out to be my other scenario which was a quick pump after verifying the breaking support line. We then had a re-test to the previous broken resistance line which held like an absolute beast which I was hoping would break (arrow 2) My long term bias is no longer bullish now, but I'm not completely bearish either. I believe we will drop lower,...
if we close above 1.17688 then we can see 1.19079.
Make it Green
  • #137,565
  • Aug 6, 2021 1:41pm Aug 6, 2021 1:41pm
thanks for all members who dedicated their time to replay me

eurusd-thijs
Kyuu
Ata-Turkoglu
Endoephemera

your post (Endoephemera) describes my situation exactly
"Buy Low - Sell High, increase when underwater" , thats what the EA does
when my equity is 1k , then EA will open trade size 0.02 lot and sometimes 0.05 lot

the result is constant growth and periodic heavy losses (and i hope that i will not face the death trade)

that was not my first EA , i had spend bloody years in manual trading, hiring programmers, try to find (entry-exit-or position management strategy to beat the market ) , but all in vain

then it was my last try ,as i decided to never search for trend or specific pattern .

i think the simulation of back test is good and trustful , i didn't trade on lower time frames as m1 or m5, also i used tick data of high quality

i am just afraid that market behavior will change in the coming years (because of trade wars and economic crisis, which makes market trendy without return point), then my back test have no value

anyway , i will put 500$ and operate the EA
thanks for everybody , i wish good luck for all of you (especially trend chasers )
  • #137,566
  • Aug 6, 2021 3:48pm Aug 6, 2021 3:48pm
Quoting yvestrcz
{quote} Not even MTako's Vampire Bears handled this 1.1750.
Well, 1.1750 is a MF support, not only a badass one. Not saying it cannot get crushed. But if it does, I'd expect a further drop another 100 pips or so...
Have a great weekend, folks!
  • #137,567
  • Aug 6, 2021 3:59pm Aug 6, 2021 3:59pm
Thanks for all who contributed and shared valuable info this week.. I hope many have enjoyed riding the drop.. My plan of buying 1.1740 area has to wait until Monday.. Time will tell..

Wishing you all a happy weekend folks.. Peace.. Out..
Focus only on what truly matters!
  • #137,568
  • Aug 6, 2021 8:38pm Aug 6, 2021 8:38pm
It has gone deep on both 4hr and the daily. The daily seems ready to either go down again or move sideways. Happy weekend
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Make all mistakes in demo and rain in pips in live account
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  • #137,569
  • Edited 4:03am Aug 7, 2021 3:29am | Edited 4:03am
Quick Outlook for the Upcoming Week

  1. I don't know how far the next bullish pullback could go, but I see it limited with 1.1845 resistance area (roughly) because price will probably continue to flow inside a potential descending wedge.. (My ultimate extended potential highest high is limited with 1.1860... very unlikely and only possible with some powerful momentum!)
  2. Bears seem to be targeting 1.1666 area, and we could have a bullish bounce there, since the lows of all previous candles are respecting the bottom edge of the descending wedge..
  3. If bulls want to save the month, they eventually have to break out from this wedge, which would require a candle close roughly above 1.1845/55 area!
  4. With this week's closing price almost fleeing from the neckline (see the black, dashed trend line on chart), we can admit that bears have gained back the upper hand, and it would be wiser to stay short and keep selling potential pullbacks towards 1.1815 or higher depending on momentum!
  5. One more thought: If you notice the original wedge that I added to the chart, we can also assume that MAYBE bulls achieved a breakout 2 weeks ago and last week was only the bearish retest attempt towards breakout level.. If that's the case, we still can expect a bounce up from 1.1666 area once/if bears get there.. In other words, both of my wedge scenarios could lead to the same outcome inside next week.. The only difference is that my original wedge scenario would give bulls more hope!

I hope it helps

Attached Image (click to enlarge)
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Focus only on what truly matters!
  • #137,570
  • Aug 7, 2021 4:06am Aug 7, 2021 4:06am
M-axis, l'originale
  • #137,571
  • Aug 7, 2021 12:20pm Aug 7, 2021 12:20pm
Although all US data is green in addition to the NFP, it took at least 10 minutes to break the initial 1,180, and more than an hour to break the 1.1780. Only then do the bears take control and shoot down to 1,175x.
Looks like there will be more fighting, we'll see...although bears have some fundamental advantages.



  • #137,572
  • Aug 7, 2021 1:13pm Aug 7, 2021 1:13pm
Quoting yep
hi there, this is my first post in forex factory , i hope i am not disturbing anybody here my post is not about live trading , i dont know where should i publish my post so i decided to publish here , hence it is related to EURUSD i have hired a programmer to design EA to me , we have spend too much time at coding, testing , re-code then i reached to my final EA my EA is trading only on EURUSD when price goes up , the EA sells when price goes down, the EA buys i added some filters , but it weren't enough to eliminate all loss trades i used tick...
I also do not post a lot .. nothing to say in the presence of better traders than myself and I have much to learn... I just want to say Yep, do not give up!!.. I have been working on this expert for a year now and this is my latest results.. eurusd only: I want to add.. Its an on going process and I do not trust this expert yet. I will be putting this expert on a demo account in the coming weeks. Another problem is that I trade partially only because I have a full time business. Thats why I have the need for an expert.. Anyway .. just wanted you to know there is other people like you grinding at an expert.
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LEARN THE ABILITY TO GRAB COINS FROM A HOT FURNACE
  • #137,573
  • Aug 7, 2021 9:11pm Aug 7, 2021 9:11pm
Quoting bartholemew
Apr 14, 2021: Still bearish on EURUSD on daily/weekly charts, for the same reasons as stated before. Weekly/monthly EURUSD chart is attempting to confirm a long-term trend reversal down to up. Such long-term reversals must have a fundamental basis, and I don't think that basis exists for EUR to outperform USD. USD short-term weakness does not affect long-term long-standing structural issues w/the EU & EUR.
Thesis remains the same.
  • #137,574
  • Aug 7, 2021 9:12pm Aug 7, 2021 9:12pm
Quoting bartholemew
Dec 21, 2020: My previous comments were dismissed as too "blabbery" or something, so, to simplify: I think the EURUSD rally will fail. The long-term (monthly) chart is tracing out a tentative trend reversal, down to up, and such things must necessarily have a fundamental basis. I don't think that fundamental basis exists. EUR is a fundamentally flawed currency. For the sake of geopolitical stability I hope Europe can be successful, but the monetary union is problematic as ever, and economies are dependent on ZIRP as ever. Technical reversals (on...
Thesis remains the same.
  • #137,575
  • Aug 8, 2021 3:52am Aug 8, 2021 3:52am
3R (volatility retribution) is expected to retrace

a) beyond E-32
b) 40% of the last swing from the LH / HL

if 4(=3R) pulls back beyond E89/E121 it is an immediate get in on the direction till the exit of 6 or a fractal printing above the low

Attached Image (click to enlarge)
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  • #137,576
  • Edited 7:09am Aug 8, 2021 4:15am | Edited 7:09am
Good day. By reading the comments general sentiment seems to be bearish. We should have had this sentiment around 11900. This is why i beleive that 99.99% end up losing. My sentiment now is bullish. I might be wrong
POSTMASTER
  • #137,577
  • Aug 8, 2021 8:10am Aug 8, 2021 8:10am
- Hello everyone,

I'm going up, so I took floor 1,17650 (that's when I arrived). But someone scheduled it to go down to the basement, (parking). I haven't disembarked... I just hope the elevator doesn't run out of power here in the parking lot.

I'll make sure I got the right elevator!
"No pain no gain"
  • #137,578
  • Aug 8, 2021 8:30am Aug 8, 2021 8:30am
#USDX / H4
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  • #137,579
  • Aug 8, 2021 9:54am Aug 8, 2021 9:54am
Quoting Ata-Turkoglu
Quick Outlook for August Okay, dear traders, here are my important levels for August: As some of you will remember, we had a monthly bearish breakout that I kept showing on another chart.. Below, I am only showing the retest level in RED so that you can note that level down... Important is that bulls should not touch that level.. A retouch would mean that bulls definitely want to continue higher, which would mean a cancellation of the breakout! So that red level is highly important, but I personally anticipate that August will not be the month that...

Is this level going to hold and become a pivot? I am looking some directional help. Thanks
  • #137,580
  • Aug 8, 2021 11:39am Aug 8, 2021 11:39am
Quoting JBRolim
- Hello everyone, I'm going up, so I took floor 1,17650 (that's when I arrived). But someone scheduled it to go down to the basement, (parking). I haven't disembarked... I just hope the elevator doesn't run out of power here in the parking lot. I'll make sure I got the right elevator!
right there with you holding since Friday. Maybe it’ll go down a bit and give another good buy opportunity
--post hoc ergo propter hoc--
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